2024.12.17 Market Analysis

Interest rates are likely to decrease, Bitcoin is attracting funds in preparation for the annual report, and has risen before the positive news is released. Be cautious with long positions after the 19th.

When the current market is rising with increased volume, do not chase highs, and do not short before any news is announced.

The 4-hour close today is bullish, Ethereum shows a breakout trend, Bitcoin is relatively strong, focus on buying low, initially go long, and consider shorting based on real-time market conditions.

Key levels: Resistance levels 4180, 4300, 116000, 125000; Support levels 3900, 3870, 103000, 1015000.

Ethereum strategy: Long position at 3975 in the live room, add positions at 3890 and 3870; or buy at 3870 and 3890, with a stop loss at 3840, conservative take profit at 4050, aggressive targets at 4120, 4180, and 4300.

Bitcoin strategy: Focus on long positions in the 4-hour timeframe, add to long positions in the live room; buy at 104000 and 103500, with a stop loss at 102600, take profit at 108000, and extreme market conditions target at 115000. #BinanceAirdropsCATandPENGU #BTCNewATH #VANAOpening

In the early morning, the price of Bitcoin has risen to the key level of 106600. From a technical architecture perspective, five consecutive bullish candles have appeared on the four-hour chart, and the BOLL indicator shows an outward expansion trend. Its support structure is clear and distinct, and bullish forces are gradually consolidating and strengthening. Currently, the key resistance area above mainly focuses on the stability of the 105000 level. If this level can be successfully突破, the subsequent price movement is expected to extend further towards the range of 108000 to 112000. Meanwhile, the support level below is firmly established around the 101500 area, providing a certain buffer for downward price movement.

After the data release this week, swap traders reduced their bets on the Federal Reserve's easing policy. The Dow Jones fell 1.82%, the S&P 500 index dropped 0.64% ending three consecutive gains, and the Nasdaq rose 0.34%. Bitcoin has risen for seven consecutive weeks, marking the longest streak since 2021.

The last major monetary policy week of 2024 is approaching, with about 22 central banks globally set to determine borrowing costs, highlighting an imbalance in easing policy momentum. Key market focuses for the new week include: Monday at 15:30, ECB President Lagarde speaks;

Tuesday at 04:45, Bank of Canada Governor Macklem speaks;

Thursday at 03:00, the Federal Reserve announces its interest rate decision and economic outlook summary;

Thursday at 03:30, Federal Reserve Chairman Powell holds a monetary policy press conference;

Thursday at a time to be determined, the Bank of Japan announces its interest rate decision;

Thursday at 14:30, Bank of Japan Governor Ueda Kazuo holds a monetary policy press conference;

Thursday at 21:30, data including the revised annualized quarterly growth rate of U.S. real GDP for the third quarter is released;

Next Friday, the Fed's preferred PCE index is released, with expectations for November PCE (excluding food and energy) to rise by 0.2%, also showing growth in consumption and income, indicating economic resilience.#纳斯达克100指数宣布纳入微策略 #币安LaunchpoolVANA #VELODROME将上线币安

The overall volatility of the cryptocurrency market over the weekend is mild, with altcoins consolidating alongside mainstream coins, and most altcoin prices fluctuating slightly. Mainstream coins have stabilized, and there is a strong expectation of an intraday rise.

For those holding SATS, it is recommended to continue holding; consider liquidating to lock in profits when it reaches around 50, and if planning for the medium term, aim for around 80.

After previously reducing positions in CKB, continue holding and wait for the ecosystem to gain momentum; FTM holders should appropriately reduce their holdings; maintain the holding position for PNUT; keep the existing position for ACT, as opportunities are expected to arise with market changes in the future. #VELODROME将上线币安 #纳斯达克100指数宣布纳入微策略 #币安LaunchpoolVANA

In this round of the bull market, there are some cryptocurrencies in the secondary market worth paying attention to:

AI Sector: FET, TAO, RENDER, unique, innovative vitality

Solana Ecosystem: SOL, RAY, PYTH are in key positions within the entire ecosystem with excellent financial performance

MEME Sector: NEIRO, PEPE, PEOPLE have deep cultural connotations

Mainstream Coins: BNB, LINK, OKB, possess strong stability and risk resistance, with significant platform advantages

Public Chains: APT, SUI, SEI stand out in the public chain track with high-performance technical indicators, featuring fast transaction processing speeds, high concurrency capabilities, and low latency characteristics, able to meet the needs of large-scale commercial applications #USUAL现货即将上线 #DeFi全线飙升 #加密市场反弹

12.12 Morning Analysis of Bitcoin Market Trends

Last night, we reminded that given the CPI data, the price of Bitcoin might continue its rebound trend, and we seizing the opportunity to follow the bullish continuation. The movement of Bitcoin perfectly aligned with our expectations, indeed showing a rebound trend.

Looking at today’s market analysis, after a midnight surge, the market faced resistance and then entered a phase of adjustment and repair, displaying a state of oscillating downward. However, the decline is not significant, and the bears have not shown any clear increase in volume.

From an hourly perspective, Bitcoin has continuously closed with bearish candles, exploring the support levels below through pullbacks.

Next, we should focus on the support strength at the critical level of 99600, which is not only the lowest point from last night's pullback but also the position of the middle line of the Bollinger Bands.

If the price cannot stop the downward trend here and recover, combined with the impact of market sentiment and other factors, it may trigger a new round of significant correction, plummeting like a waterfall. The morning layout operation can focus on going long on pullbacks to the low points.

Bitcoin Trading Suggestion: Go long in the range of 99600 - 100000, aiming for a target price of 102000.

DOGE Trend Analysis and Expectations

DOGE has shown a relatively stable trend recently, despite experiencing a certain degree of pullback. However, the overall volatility has been relatively small, and the market has performed steadily during the daytime.

Yesterday, when its price rose to 0.445, there were signs indicating a possible pullback. Until this morning, influenced by market fluctuations, DOGE's price experienced some ups and downs. However, due to strong support from below, there has not been a significant drop.

Currently, DOGE is oscillating within the range of 0.4 to 0.416, seemingly exploring the next price direction. On the surface, its trend appears somewhat sluggish, but in reality, this may be a psychological game between bulls and bears.

Although the bullish momentum is relatively weak at the moment, and the relevant data has a certain lag, DOGE still possesses potential for an upward movement.

It is predicted that in tonight's market, DOGE is likely to first show an upward trend, followed by a pullback process.